Developments

Claims Process

The Court has approved a protocol for the distribution of settlement funds achieved in this action (the “Distribution Protocol”)

To review the Distribution Protocol, click here

In accordance with the Distribution Protocol, the Net Settlement Proceeds will be distributed to eligible Settlement Class Members pro rata (or proportionately) based on the value of their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments are eligible for compensation. No other investments are eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

To be eligible for settlement funds, you must complete and return a claim form by October 17, 2025. Class Counsel will mail Court-approved Claim Forms to all known Class Members, or persons who may be Class Members.

To review the Notice of Claims Process and Claim Form, click here

You may contact Class Counsel at [email protected] or call 1-800-461-6166 if you require assistance with completing the Claim Form.

Litigation

On October 16, 2008, the action was certified against the non-settling defendants on behalf of the following class:

Any person or entity who deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action.

Settlements were reached with Niddrie & Associate Ltd. (c.o.b. as Wilson Insurance and Financial Services) in the amount of $50,000, and IPO Capital Corp. in the amount of $115,000. Both settlements were approved by the Court.

By Order dated June 20, 2025, the Court discontinued the action against the remaining Defendants, CCI Capital Canada Limited, CCI Capital Corp., CCI Investments Inc., Centurion Developments Ltd., Ravi Chaudhary, Robert James Emerson, Environment Regeneration Systems Inc., Integrated Business Concepts Inc., Ricardo Molinari, Phoenix Financial Group Inc., Phoenix Financial Group (2000) Inc., Vince Villanti, James Wilson, 1009863 Ontario Inc. (c.o.b. as “Wilson Insurance and Financial Services”) and 1545182 Ontario Inc. (c.o.b. as “Wilson Insurance Brokers”), (collectively the “Non-Settled Defendants”). The discontinuance will be effective on August 19, 2025.

The limitation period for bringing a claim (if there is any time left within it) against the Non-Settled Defendants will recommence on August 19, 2025. On the expiry of the limitation period, your right to sue may be extinguished. As a result, if you wish to bring your own action against one of the Non-Settled Defendants, you should seek legal advice from local counsel.

To review the Notice of Discontinuance of Class Proceeding, click here
To review the June 20, 2025 Order, click here

FAQs

What is a class action?

A class action is a lawsuit that is brought by one or more persons on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

Class counsel are not seeking approval of fees with respect of the Niddrie and IPO Settlements. The Court approved the payment of some modest disbursements incurred in the litigation by Class counsel.

Can I opt-out of the class action?

The time to opt-out of the action has passed.

Who is affected by the class action?

You are affected by this class action if you deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action (“Class Members”).

How do I participate in the class action settlement?

Pursuant to the Distribution Protocol, all Class Members (defined above) will be eligible to file a claim for their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments are eligible for compensation. No other investments are eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

To be eligible for settlement funds, you must complete and return a claim form by October 17, 2025.

How will the claims process work?

Class Counsel will mail Court-approved Claim Forms to all known Class Members, or persons who may be Class Members. All necessary details about the claims process and deadline will be provided along with the Claim Form.

What should I do to protect my rights?

If you deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc., file a claim before the deadline of October 17, 2025.

Contact Class Counsel with any changes to your contact information by sending an email to [email protected] or call 1-800-461-6166.

I still have a question. Who should I contact?

If you have any other questions, please email [email protected] or call 1-800-461-6166.

Documents

Notice of Claims Process, Notice of Discontinuance, and Claim Form [English] [French]
Distribution Protocol [English] [French]
Notice of Distribution and Discontinuance of Class Proceeding Approval Order, dated January 31, 2025 [English Only]
Distribution Approval and Discontinuance Order, dated June 20, 2025 [English Only]

Settlements

Certification

Claims Process

The Court has approved a protocol for the distribution of settlement funds achieved in this action (the “Distribution Protocol”)

To review the Distribution Protocol, click here

In accordance with the Distribution Protocol, the Net Settlement Proceeds will be distributed to eligible Settlement Class Members pro rata (or proportionately) based on the value of their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments are eligible for compensation. No other investments are eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

To be eligible for settlement funds, you must complete and return a claim form by October 17, 2025. Class Counsel will mail Court-approved Claim Forms to all known Class Members, or persons who may be Class Members.

To review the Notice of Claims Process and Claim Form, click here

You may contact Class Counsel at [email protected] or call 1-800-461-6166 if you require assistance with completing the Claim Form.

Litigation

On October 16, 2008, the action was certified against the non-settling defendants on behalf of the following class:

Any person or entity who deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action.

Settlements were reached with Niddrie & Associate Ltd. (c.o.b. as Wilson Insurance and Financial Services) in the amount of $50,000, and IPO Capital Corp. in the amount of $115,000. Both settlements were approved by the Court.

By Order dated June 20, 2025, the Court discontinued the action against the remaining Defendants, CCI Capital Canada Limited, CCI Capital Corp., CCI Investments Inc., Centurion Developments Ltd., Ravi Chaudhary, Robert James Emerson, Environment Regeneration Systems Inc., Integrated Business Concepts Inc., Ricardo Molinari, Phoenix Financial Group Inc., Phoenix Financial Group (2000) Inc., Vince Villanti, James Wilson, 1009863 Ontario Inc. (c.o.b. as “Wilson Insurance and Financial Services”) and 1545182 Ontario Inc. (c.o.b. as “Wilson Insurance Brokers”), (collectively the “Non-Settled Defendants”). The discontinuance will be effective on August 19, 2025.

The limitation period for bringing a claim (if there is any time left within it) against the Non-Settled Defendants will recommence on August 19, 2025. On the expiry of the limitation period, your right to sue may be extinguished. As a result, if you wish to bring your own action against one of the Non-Settled Defendants, you should seek legal advice from local counsel.

To review the Notice of Discontinuance of Class Proceeding, click here
To review the June 20, 2025 Order, click here

What is a class action?

A class action is a lawsuit that is brought by one or more persons on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

Class counsel are not seeking approval of fees with respect of the Niddrie and IPO Settlements. The Court approved the payment of some modest disbursements incurred in the litigation by Class counsel.

Can I opt-out of the class action?

The time to opt-out of the action has passed.

Who is affected by the class action?

You are affected by this class action if you deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action (“Class Members”).

How do I participate in the class action settlement?

Pursuant to the Distribution Protocol, all Class Members (defined above) will be eligible to file a claim for their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments are eligible for compensation. No other investments are eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

To be eligible for settlement funds, you must complete and return a claim form by October 17, 2025.

How will the claims process work?

Class Counsel will mail Court-approved Claim Forms to all known Class Members, or persons who may be Class Members. All necessary details about the claims process and deadline will be provided along with the Claim Form.

What should I do to protect my rights?

If you deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc., file a claim before the deadline of October 17, 2025.

Contact Class Counsel with any changes to your contact information by sending an email to [email protected] or call 1-800-461-6166.

I still have a question. Who should I contact?

If you have any other questions, please email [email protected] or call 1-800-461-6166.

Notice of Claims Process, Notice of Discontinuance, and Claim Form [English] [French]
Distribution Protocol [English] [French]
Notice of Distribution and Discontinuance of Class Proceeding Approval Order, dated January 31, 2025 [English Only]
Distribution Approval and Discontinuance Order, dated June 20, 2025 [English Only]

Settlements

Certification

Phoenix Financial